American International Group, Inc. (NYSE:AIG) Plans $0.40 Quarterly Dividend

American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.40 per share by the insurance provider on Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Monday, March 17th.

American International Group has raised its dividend payment by an average of 6.8% per year over the last three years. American International Group has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $6.45 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.8%.

American International Group Stock Performance

NYSE AIG opened at $76.89 on Thursday. American International Group has a 1-year low of $68.04 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $73.46 and its 200-day simple moving average is $74.48. The company has a market cap of $47.96 billion, a PE ratio of -22.68, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, equities research analysts anticipate that American International Group will post 4.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AIG shares. Wells Fargo & Company raised their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.